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Popular Franchise Business In Newton Abbot For Sale

Newton Abbot, Devon, UK
Asking Price:
£30,000
Turnover:
Available on request
Net Profit:
Available on request

The Newton Abbot café is operated by the owner with the assistance of two part time members of staff. The business previously traded 8am-5pm Monday to Saturday, providing customers with a wide selection of high quality freshly-baked Cornish Pasties and savoury lines and a range of desserts to eat in or takeaway. Due to family illness the owners have reduced the hours to 10am-3pm five days a week, closing Sunday & Monday. This provides the next operators with the opportunity to develop the business and therefore the profitability. The seating area comfortable seats 36 with outside seating for up to 20. Customers order at the service counter with waitress service to the table. As part of this West Country wide franchise, Oggy Oggy Pasty franchisees are required to purchase the pasties from a specified supplier (TBA) and use the company signage and colour schemes. The Franchisor does not charge any fees.

Property Information

Property:

Leasehold

Location:

Newton Abbot is a lively and bustling historic market town situated close to the A380 which is the main road into the area from the M5. The lock up unit is located within Newton Abbot’s popular Market Square opposite the Market Hall and surrounded by national retailers. The Market Walk is adjacent to a multi storey pay and display car park.

Premises Details:

The premises comprises:-

LARGE PICTURE WINDOW
With side entrance leading into:-

MAIN TRADE AREA
With wood effect flooring throughout. Spaciously seating 36 at booth style seating Service counter with tiled worktop, heated display counter, electronic cash register, 2 Baker Matt ovens, cooling racks, Caterlight microwave and counter fridge. Under counter storage and non-slip flooring.

PREP AREA
Sectioned off area with non-slip flooring, wipe clean wall cladding, wall and floor mounted storage cupboards. Gaggia coffee machine (recently purchased), separate electric grinder, under counter freezer, toaster, automatic Perfect Fry machine (provides pre-set cooking for French fries, chicken, onion rings, poppers, cheese bites, corndogs, fish fillets, chicken wings and potato wedges). Countertop electric induction ring, Caterlight microwave, milkshake machine, Buffalo counter top deep fat fryer, stainless steel sink unit with drainer and wash hand basin.

Fire exit leading to rear alley and BIN STORAGE AREA.

Stairs to:-

FIRST FLOOR

LADIES & GENTS CLOAKROOMS

STORAGE ROOM

DRY STORE ROOM
With wall mounted shelving, large chest freezer and under counter fridge.

OFFICE

STAFF ROOM

GENERAL INFORMATION

RATES
2017 List: £23,000. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Teign Bridge Council.

TENURE
The premises is available via a new repairing and insuring 10 year lease at a rent of £15,000 per annum plus a turnover rent of 10% over £100,000. There is an annual service charge of circa £2,250 which includes waste collection, cleaning of the Market Square and security.

BUSINESS
We have been informed the turnover for year end March 2020 was circa £160,000 with impressive abridged net profits. Further accounting information will be provided to Bona Fide applicants following a formal viewing arranged via Bettesworths.

SERVICES
Mains electric, water and drainage.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner’s personal effects.

STOCK
Wet and Dry stock in trade will be taken over by the purchaser at valuation on the day of completion.

Energy Performance Rating:
D

Other Information

Related Documents:

Contact Bettesworths

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